[Solved] Which of the following can be described as involving indirect finance?

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Q.	Which of the following can be described as involving indirect finance?
A.	A bank buys a U.S. Treasury bill from one of its depositors.
B.	A corporation buys commercial paper issued by another corporation.
C.	A pension fund manager buys commercial paper in the primary market.
D.	Both (B) and (C) of the above.
Answer» A. A bank buys a U.S. Treasury bill from one of its depositors.

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